``` REGISTERED CHARITY NUMBER: 1063362 ``` ``` REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 FOR CIRP (UK) CHARITABLE TRUST ``` ``` Donachie Chartered Accountants 2nd Floor Templeton House 62 Templeton Street Glasgow G40 1DA ``` ``` CIRP (UK) CHARITABLE TRUST ``` ## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`** ||`Page`| |---|---| |`Report of the Trustees`|`1 to 2`| |`Independent Examiner's Report`|`3`| |`Statement of Financial Activities`|`4`| |`Balance Sheet`|`5`| |`Notes to the Financial Statements`|`6 to 7`| |`Detailed Statement of Financial Activities`|`8`| ``` CIRP (UK) CHARITABLE TRUST ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`** ``` The trusteespresenttheirreportwiththe financialstatementsof the charityfor the year ended 31 March2021.The trustees have adoptedthe provisionsof the Statementof RecommendedPractice(SORP)'Accountingand Reportingby Charities'issued in March 2005. ``` |**`REFERENCE AND ADMINISTRATIVE DETAILS`**|| |---|---| |**`Registered Charity number`**|| |`1063362`|| |**`Principal address`**|| |`17a Holly Road South`|| |`Wilmslow`|| |`SK9 1NQ`|| |**`Trustees`**|| |`Prof S Hinduja`|`Secretary`| |`Prof R Roy`|`Trustee`| |`Prof P G Maropoulos`|`Chairperson`| |`S Newman`|`Trustee`| |**`Independent examiner`**|| |`James Donachie`|| |`Institute of Chartered Accountants of Scotland`|| |`Donachie Chartered Accountants`|| |`2nd Floor`|| |`Templeton House`|| |`62 Templeton Street`|| |`Glasgow`|| |`G40 1DA`|| ## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** ## **`Governing document`** ``` The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ``` ## **`Organisational structure`** ``` The trusteesare responsiblefor the overallmanagementand controlof the CIRP(UK)CharitableTrustand they meet twicea year, once at the May meeting and the second time in the last week of August. ``` ``` Currently there are four trustees i.e. ``` ``` (i) Professor Paul George Maropoulos (Chairman) ``` ``` (ii) Professor Stephen Newman (iii) Professor Rajkumar Roy ``` ``` (iv) Professor Srichand Hinduja (Secretary) ``` ``` NewtrusteesarenominatedbyCIRP(U.K.)Ltd.,asisterconcern;thenomineemustbeaFellowofCIRPwhichensuresthat they have the necessary experience to discharge their duties effectively and efficiently and also have a passion for CIRP and its activities. ``` ## **`Wider network`** ``` The trusteesare activelysupportedby other membersof the CIRP(UK) community.These membersact as volunteersin organizing theMaymeetingsandtheGeneralAssemblywhenit is heldin theUK.Thesevolunteersandallthetrusteesgivetheirtime freely and no remuneration is paid during the year. ``` ## **`Risk management`** ``` Thetrusteeshavea dutyto identifyand reviewthe risksto whichthe charityis exposedand to ensureappropriatecontrolsare in place to provide reasonable assurance against fraud and error. ``` ## **`OBJECTIVES AND ACTIVITIES`** ## **`Objectives and aims`** ``` 1. To promote,support and undertakeeducationresearchstudy and the disseminationof useful informationinto and on all aspects of production engineering and all other areas of engineering science and technology anywhere in the world. ``` ``` 2.anyothercharitableobjectsassociatedwiththecharity'sprimaryobjectivedefinedabovein anyotherpartoftheworldas the trustees in their absolute discretion think fit to support or establish. ``` ``` Page 1 ``` ``` CIRP (UK) CHARITABLE TRUST ``` ## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021`** ## **`OBJECTIVES AND ACTIVITIES`** ## **`Significant activities and achievements`** ``` CIRPwasfoundedin1951withtheaimtoaddressscientifically,throughinternationalco-operation,issuesrelatedto modern productionscienceandtechnology.TheInternationalAcademyforProductionEngineeringtakesitsabbreviatednamefrom the Frenchacronymof(CIRP)and includessome600 worldwidemembers.The numberof membersis intentionallykept limited,so as to facilitate informal scientific information exchange and personal contacts. ``` ``` CIRP has some 180 Fellowsand HonoraryFellowswho are internationallyrecognizedscientistselectedto be CIRP membersfor life. DuetothelimitednumberofCIRPFellows,theelectionofaFellowisalengthy,rigorousprocessensuringthehighest possible academic standards. ``` ``` CIRPincludessome150Associatememberswellknownscientists,withhighpotential,electedtypicallyfora periodofthree years withthepossibilityofrenewal.AnumberofAssociatememberseventuallybecomeFellows.SomeAssociatemembersmay also belong to fields related to Manufacturing. ``` ``` CIRP,althoughanacademicorganization,encouragestheparticipationofindustryinitsactivities.Therearesome170 Corporate memberswhofollowthe researchworkof the academicmembersof CIRP,and veryoftencontributeto the information exchange withinCIRPbypresentingtheirviewsonindustrialneedsandperspectives.YoungResearchAffiliatesandsomeInvited members, particularly from countries not yet involved in CIRP, are also included in the CIRP community. ``` ``` WhilstCIRPisaninternationalorganization,theCIRP(UK)communityconsistsof26Fellows,6Associatemembers,10 Research Affiliatemembersand7Corporatemembers,whoarealsomembersofCIRP(U.K.)Ltd.,whichisasisterassociationinthe UK. EveryyearinthemonthofMay,CIRP(UK)CharitableTrusttogetherwithCIRP(U.K)Ltd.organizesameetingforoneanda half days and at this meeting,all the Fellows,Associatemembers,ResearchAffiliatesand Corporatemembersare invitedtogether with young aspiring researchers from academia and industry. At this meeting, the young researchers and invited industrialists: ``` - `(i) learn about the activities of CIRP;` - `(ii) present their research, and` - `(iii) discuss the latest developments in manufacturing.` ``` TheyoungresearchersareencouragedtosubmitapaperontheirresearchandsubsequentlybecomemembersofCIRP. Only high-qualitypapersforacceptedforpresentationattheGeneralAssemblybecausethecompetitionisfierce.Onceapaper is acceptedby a youngresearcherwhois nota memberofCIRPorby a memberofCIRPwhohasnofunding,theTRUSTwillstep in and support them financially. ``` ``` This year the CIRP (UK) meeting was scheduledto be held at the Universityof Bristolbut becauseof Covid-19,it was decided that it wouldbesafertoconducttheconferenceonlineusingZoom,whichmeantthatnoexpenseswereincurred.These meetings, organizedand supportedby the TRUST,have been extremelysuccessfulas the size of the UK CIRP communityhas nearly doubled in size over the last ten years. ``` ## **`FINANCIAL REVIEW`** ## **`Principal funding sources`** ``` Thefinancialstatementsshowanincomeof£78,345receivedfromConferCare(EventManagementServices)attheUniversity of Manchester and an expense of £5,500 paid to CIRP (U.K) Ltd. to cover operational costs for the year 2020-21. ``` ``` Onceevery10to15years,theTrustorganizestheCIRPGeneralAssembly,whichisaone-weeklongevent.Thefirsthalfof the Assemblyis devotedto CIRPmembers,or researchersaspiringto becomemembers,presentingtheirresearchpaperswhilstin the secondhalf,thereareshortpresentationsoncurrenton-goingworkfrommembersand/orinvitedguests,discussions about collaborative work and keynote lectures. ``` ``` In August2019,the Trustorganizedthe GeneralAssemblyin Birminghamat the InternationalConventionCentre.Sincethere were about600delegatesfrom30differentcountriesattendingthisevent,itwouldhavedifficultfortheTrustanditsmembers to organisethiseventandhenceitwassubcontractedtotheConferCareTeamatTheUniversityofManchester.Inadditionto the educationalbenefitsthiseventbringstothestudents,academiaandpractisingmanufacturingengineers,itcreatesasocial event which is of immense benefit to the local community without any cost to the Exchequer. ``` 07/03/2022 ``` Approved by order of the board of trustees on ............................................. and signed on its behalf by: ``` ``` ............................................. Prof S Hinduja - Trustee ``` ``` Page 2 ``` ``` INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ``` ``` CIRP (UK) CHARITABLE TRUST ``` ``` I report on the accounts for the year ended 31 March 2021, which are set out on pages four to seven. ``` ## **`Responsibilities and basis of report`** ``` Asthecharity'strusteesyouareresponsibleforthepreparationoftheaccountsinaccordancewiththerequirementsof the Charities Act 2011 ('the Act'). ``` ``` Ihaveexaminedyourcharity'saccountsasrequiredundersection145oftheCharitiesAct2011('theAct').Incarryingout my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ``` ``` My role is to state whether any material matters have come to my attention giving me cause to believe: ``` `1. that accounting records were not kept as required by section 130 of the Act; or` `2. that the accounts do not accord with those records; or` `3. that the accounts do not comply with the accounting requirements of the Act; or` `4. that there is further information needed for a proper understanding of the accounts.` ## **`Independent examiner's statement`** ``` Ihavecompletedmyexaminationandhavenoconcernsinrespectofthematters(1)to(4)listedaboveand,inconnection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention. ``` ## James Donachie CA ``` James Donachie ``` ``` Institute of Chartered Accountants of Scotland Donachie Chartered Accountants 2nd Floor Templeton House 62 Templeton Street Glasgow G40 1DA ``` ## 8 March 2022 ``` Date: ............................................. ``` ``` Page 3 ``` ``` CIRP (UK) CHARITABLE TRUST ``` ## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021`** |**`2021`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`INCOMING RESOURCES`**
**`Incoming resources from generated funds`**
`Activities for generating funds`
`2`
**`78,345`**
**`RESOURCES EXPENDED`**
**`Other resources expended`**
**`5,500`**
**`NET INCOMING RESOURCES`**
**`72,845`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`31,819`**
**`TOTAL FUNDS CARRIED FORWARD`**
**`104,664`**|**`2020`**
**`Total`**
**`funds`**
**`£`**
`24,296`
`-`| |---|---| ||`24,296`
`7,523`| ||`31,819`| ## **`CONTINUING OPERATIONS`** ``` All incoming resources and resources expended arise from continuing activities. ``` ``` The notes form part of these financial statements ``` ``` Page 4 ``` ``` CIRP (UK) CHARITABLE TRUST ``` ## **`BALANCE SHEET AT 31 MARCH 2021`** |**`2021`**
**`Unrestricted`**
**`fund`**
`Notes`
**`£`**
**`CURRENT ASSETS`**
`Cash at bank`
**`104,664`**
**`NET CURRENT ASSETS`**
**`104,664`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`104,664`**
**`NET ASSETS`**
**`104,664`**
**`FUNDS`**
`4`
`Unrestricted funds`
**`104,664`**
**`TOTAL FUNDS`**
**`104,664`**|**`2020`**
**`Total`**
**`funds`**
**`£`**
`31,819`| |---|---| ||`31,819`| ||`31,819`| ||`31,819`| ||`31,819`| ||`31,819`| 07/03/2022 ``` The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by: ``` ``` ............................................. Prof S Hinduja -Trustee ``` ``` ............................................. Prof P G Maropoulos -Trustee ``` ``` The notes form part of these financial statements ``` ``` Page 5 ``` ``` CIRP (UK) CHARITABLE TRUST ``` ## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021`** ## **`1. ACCOUNTING POLICIES`** ## **`Accounting convention`** ``` Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,theCharitiesAct2011and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. ``` ## **`Incoming resources`** ``` AllincomingresourcesareincludedontheStatementofFinancialActivitieswhenthecharityislegallyentitledto the income and the amount can be quantified with reasonable accuracy. ``` ## **`Resources expended`** ``` Expenditureis accountedforon an accrualsbasisand has been classifiedunderheadingsthataggregateall costrelated to thecategory.Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitieson a basis consistent with the use of resources. ``` ## **`Taxation`** ``` The charity is exempt from tax on its charitable activities. ``` ## **`Fund accounting`** ``` Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. ``` ``` Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthecharity.Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. ``` ``` Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ``` ## **`2. ACTIVITIES FOR GENERATING FUNDS`** ||**`2021`**|`2020`| |---|---|---| ||**`£`**|`£`| |`Fundraising events`|**`78,345`**|`24,296`| ## **`3. TRUSTEES' REMUNERATION AND BENEFITS`** ``` Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norfortheyear ended 31 March 2020. ``` ## **`Trustees' expenses`** ``` There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020. ``` ## **`4. MOVEMENT IN FUNDS`** |||**`Net movement`**|| |---|---|---|---| ||**`At 1/4/20`**|**`in funds`**|**`At 31/3/21`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|**`31,819`**|**`72,845`**|**`104,664`**| |**`TOTAL FUNDS`**|**`31,819`**|**`72,845`**|**`104,664`**| ``` Page 6 ``` ``` CIRP (UK) CHARITABLE TRUST ``` ## **`NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2021`** ## **`4. MOVEMENT IN FUNDS - continued`** ``` Net movement in funds, included in the above are as follows: ``` ||**`Incoming`**|**`Resources`**|**`Movement in`**| |---|---|---|---| ||**`resources`**|**`expended`**|**`funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|**`78,345`**|**`(5,500)`**|**`72,845`**| |**`TOTAL FUNDS`**|**`78,345`**|**`(5,500)`**|**`72,845`**| |**`Comparatives for movement in funds`**|||| |||**`Net movement`**|| ||**`At 1/4/19`**|**`in funds`**|**`At 31/3/20`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted Funds`**|||| |`General fund`|**`7,523`**|**`24,296`**|**`31,819`**| |**`TOTAL FUNDS`**|**`7,523`**|**`24,296`**|**`31,819`**| |`Comparative net movement in funds, included in the above are as follows:`|||| ||**`Incoming`**|**`Resources`**|**`Movement in`**| ||**`resources`**|**`expended`**|**`funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|**`24,296`**|**`-`**|**`24,296`**| |**`TOTAL FUNDS`**|**`24,296`**|**`-`**|**`24,296`**| ``` A current year 12 months and prior year 12 months combined position is as follows: ``` |||**`Net movement`**|| |---|---|---|---| ||**`At 1/4/19`**|**`in funds`**|**`At 31/3/21`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|**`7,523`**|**`97,141`**|**`104,664`**| |**`TOTAL FUNDS`**|**`7,523`**|**`97,141`**|**`104,664`**| ``` A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: ``` ||**`Incoming`**|**`Resources`**|**`Movement in`**| |---|---|---|---| ||**`resources`**|**`expended`**|**`funds`**| ||**`£`**|**`£`**|**`£`**| |**`Unrestricted funds`**|||| |`General fund`|**`102,641`**|**`(5,500)`**|**`97,141`**| |**`TOTAL FUNDS`**|**`102,641`**|**`(5,500)`**|**`97,141`**| ``` Page 7 ``` ``` CIRP (UK) CHARITABLE TRUST ``` ## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES`** ## **`FOR THE YEAR ENDED 31 MARCH 2021`** |**`INCOMING RESOURCES`**
**`Activities for generating funds`**
`Fundraising events`
**`Total incoming resources`**
**`RESOURCES EXPENDED`**
**`Support costs`**
**`Management`**
`CIRP (U.K) Ltd - operational expenses`
**`Total resources expended`**
**`Net income`**|**`2021`**
**`£`**
**`78,345`**
**`78,345`**
**`5,500`**
**`5,500`**
**`72,845`**|`2020`
`£`
`24,296`| |---|---|---| |||`24,296`
`-`| |||`-`| |||`24,296`| ``` This page does not form part of the statutory financial statements ``` ``` Page 8 ```